Solar PV

EnergyAustralia has released the concept design for a 335 MW pumped hydro energy storage and generation project it plans to develop at Lake Lyell near Lithgow in central western New South Wales.

Australia ranks as the fifth most attractive destination for green investment and development opportunities according to multinational consultancy EY’s latest renewable energy country attractiveness index.

Another small-scale solar farm has connected to the grid in Victoria with developer Bison Energy announcing that the 4.95 MW Cosgrove Solar Farm near Shepperton has powered up, marking the commencement of its commissioning phase.

Australia stands at the forefront of a remarkable opportunity to revolutionise the reduction of global carbon emissions and potentially reap billions in export earnings. The key lies in harnessing green hydrogen to produce environmentally friendly alternatives such as green steel, ammonia, cement, eFuels and mining explosives.

Construction of the 380 MW Aldoga Solar Farm being developed near Gladstone on the central Queensland coast is to commence in the first quarter of 2024 with energy generated at the facility to go towards powering the state’s largest green hydrogen project.

Australia is among more than 100 countries that have committed to triple the world’s renewable energy generation capacity within six years, signing a pledge on the sidelines of the United Nation’s COP28 climate summit being staged in the United Arab Emirates.

Tim Buckley, director of Climate Energy Finance, speaks to pv magazine about the current steep trajectory of solar module prices. He estimates that PV panels prices will end up dropping by 40% this year and predicts the closure of old technology and sub-scale solar manufacturing facilities, both in China and globally.

BHP has taken another step on the path towards a clean energy future with Canadian developer TransAlta Renewables switching on one of the world’s largest off-grid solar and battery energy storage systems that will help power the mining giant’s nickel operations in Western Australia.

Melbourne Airport is among the organisations taking part in a two-year trial intended to help commercial and industrial energy users shift their demand away from peak times, easing pressure on the grid and supporting the integration of more renewables.

Origin Energy has delayed the vote on its almost $20 billion (USD 12.85 billion) takeover bid until next month after receiving a revised offer from the Brookfield-led consortium that is hoping to acquire the Australian energy generator and retailer.